MBN 0.00% 8.3¢ mirabela nickel limited

The extension for their "Reliance On ASIC financial reporting...

  1. 3,914 Posts.
    The extension for their "Reliance On ASIC financial reporting relief" ends on the 28th in 2 days and the SMM is "predicting" nickel price to rise in this coming week, the 2nd creditors meeting is also scheduled to be held at the latest 4 weeks from now so it will be interesting times for MBN........I have a feeling it's what the nickel price does and it's trend up until the 2nd creditors meeting is held will decide whether it's a long term shutdown (which will likely involve a DOCA as the creditors want assurance for the long term shutdown) or take the 11M USD VAT refund, return the company back to the director (i.e. re-list) and it's BAU.

    http://www.metal.com/newscontent/90091_nickel-prices-poised-to-rise-this-coming-week-smm-predicts
 
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